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October 04, 2017
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How the Lack of Data Security Affects Home Ownership

Bad data in any organization has damaging consequences, and in the housing market, the families that become affected only inflames concerns. Without the proper data at the right time, and the ability to effectively govern the data coming in, the process of ensuring the right candidates are able to live in the home of their dreams would be close to impossible.

The joys of home ownership are only matched by the pride-inducing moment to reach such a milestone of independence. The importance of this landmark life event requires certain expectations and responsibilities. The only way to manage demands from the industry, tax payers and customers is to manage mission critical data across the enterprise.

A House is More Than a Home

Affordable and accessible housing is allowing more families to have shelter, but more importantly, a sense of security and comfort. From a financial point of view, there also needs to be a comfort in knowing that rents and mortgages can be paid on time without volatility in the housing market. Freddie Mac is dedicated to mitigating risks, lowering costs, bringing automation and efficiencies to the industry, as well as providing a better housing finance system to serve more families.

Freddie Mac operates in the secondary mortgage market, keeping mortgage capital flowing by purchasing mortgage loans from lenders so they in turn can provide more loans to qualified borrowers. With opportunities for single-family homeowners, multifamily homeowners and capital markets, Freddie Mac provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions, which extends to all communities across the nation. The market and business potential is massive, and now imagine the amount of data associated with these kinds of initiatives.

Safety and Security

The strict IT security and governance requirements that Freddie Mac puts on its data solutions is understandable, and also the reason why they turned to Hortonworks. The pillars of the Hortonworks Platform are security and governance to manage data classification, data lineage, and data lifecycle management. Transparency and consistency are the cornerstones of any trustworthy institution, and Freddie Mac demands the same from its data. Not only that, but the volume and variety of the data types and sources compounds the issue the company had. Traditional solutions could not address the various file types.

The speed at which data is moving and the constant change requires an adaptable solution that will scale to the demands of the business. Now more than ever, companies need to be able to dive deeper into its data in order to gain more actionable intelligence to prevent even one-time events that can have detrimental effects on the business. There is no room for error.

Watch as Lakshmi Purushothaman, Senior Risk Analytics Director of Freddie Mac, explains why Freddie Mac chose Hortonworks to gain rapid intelligence from its data.

For more information on our customer, visit us today.

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